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Latest Business News India

India Revises Base Year for GDP, CPI, and IIP to Update Economic Indicators

6 minutes agoBusiness

33LENS

2 SourcesIndia

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India Revises Base Year for GDP, CPI, and IIP to Update Economic Indicators

India's Ministry of Statistics and Programme Implementation (MoSPI) is revising the base year for key economic indicators including GDP, Index of Industrial Production (IIP), and Consumer Price Index (CPI) to better reflect current economic realities. The updates involve methodological improvements, new data sources, and revised weights to align with evolving consumption and production patterns. The new CPI series will launch in February 2026, followed by GDP and IIP updates, aiming to enhance accuracy and align with international standards.

35 minutes agoBusiness

33LENS

2 SourcesIndia

thebalanced.news

India's Life Insurance Premiums Rise Over 21% in January Amid GST and Regulatory Changes

India's life insurance sector saw a 21.5-22% year-on-year rise in new business premiums in January, marking the third consecutive month of strong growth aided by GST rate reductions and regulatory changes. LIC led with a 25% increase, while private insurers collectively grew 17%. A total of 2.8 million policies were sold, with cumulative premiums for April-January reaching 3.38 lakh crore. Growth factors include GST rationalisation, surrender value norms, and accounting standard normalisation for non-life insurers.

35 minutes agoBusiness

30LENS

2 SourcesChina

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U.S. Soybean Futures Decline Amid Brazil Harvest and China Purchase Uncertainty

U.S. soybean futures declined after a four-day rally, influenced by profit-taking and increased competition from Brazil's advancing harvest. Prices had risen following President Trump's remarks about potential increased soybean purchases by China, but skepticism remains due to high costs. Corn and wheat futures also edged lower amid ample global supplies and anticipation of the upcoming U.S. Department of Agriculture world crop report. Brazilian farmers have harvested a larger portion of their crop compared to last year, adding bearish pressure to U.S. markets.

India International Coffee Festival 2026 Highlights Quality-Driven Coffee Market Shift

The India International Coffee Festival (IICF) will be held from February 12 to 14 in Bengaluru, attracting over 20,000 visitors including coffee growers, processors, exporters, roasters, and consumers. Organized by the Specialty Coffee Association of India with support from the Coffee Board and Nescafé, the festival emphasizes India's shift from a commodity-led to a quality and experience-driven coffee market. It offers insights into production, processing, roasting, and brewing through tastings, workshops, and sessions, aiming to connect producers with markets and promote domestic and export growth.

2 SourcesUnited States

thebalanced.news

Alphabet Plans $15 Billion U.S. Bond Sale Including Possible Century-Long Maturity

Alphabet, Google's parent company, plans to raise about $15 billion through a U.S. high-grade corporate bond sale, potentially including a century-long maturity. This move aligns with technology firms' trend of issuing long-term debt to fund AI infrastructure and cloud computing expansions. The offering, spanning multiple maturities, has drawn attention for its length, reminiscent of Motorola's 1997 century bond. Market demand for high-grade tech debt remains strong despite higher interest rates, reflecting strategic capital management amid growing AI investments.

2 SourcesJharkhand, India

thebalanced.news

States Reverting to Unfunded Old Pension Scheme May Face Fiscal Pressure: MoS Finance

The Minister of State for Finance, Pankaj Chaudhary, informed Parliament that states reverting from the National Pension System (NPS) to the unfunded Old Pension Scheme (OPS) face significant fiscal challenges. This shift may increase long-term pension liabilities, constrain capital expenditure, and threaten state-level fiscal targets. States including Rajasthan, Chhattisgarh, Jharkhand, Punjab, and Himachal Pradesh have notified the government of this reversion. Reports from the Comptroller and Auditor General and the Reserve Bank of India highlight that short-term savings from OPS reversion could lead to greater unfunded liabilities and fiscal risks over time.

Kroger Names Former Walmart Executive Greg Foran as New CEO

Kroger has appointed Greg Foran, former Walmart US CEO and ex-Air New Zealand chief, as its new CEO, concluding a year-long search after Rodney McMullen's departure in 2025. Foran brings extensive retail and operational turnaround experience amid Kroger's efforts to manage weak consumer spending, increased competition, and recent cost-cutting measures. His leadership follows interim CEO Ron Sargent's restructuring, aiming to stabilize margins and enhance value for shoppers.

2 SourcesUnited States

thebalanced.news

Pandorum Technologies Secures $18 Million Series B to Advance Regenerative Therapies

Pandorum Technologies raised $18 million in a Series B funding round led by Protons Corporate, with participation from investors including Galentic Pharma and Ashish Kacholia. The biotechnology firm focuses on programmable regenerative medicine, developing exosome-based therapies targeting diseases like ocular surface disorders. The funds will support clinical development, global manufacturing expansion, and operations growth in the US, Japan, and the Middle East. Co-founder Tuhin Bhowmick emphasized advancing disease-modifying treatments through their proprietary platform.

2 SourcesLondon, United Kingdom

thebalanced.news

Report Highlights Indian Migration's Role in Supporting UK Economy and Skills Demand

A recent white paper released in the UK highlights the positive impact of Indian migration on the British economy, emphasizing the diaspora's contributions across health, care, engineering, and technology sectors. The report advocates for a skills- and needs-based migration approach that aligns visa policies with employer demand, focusing on integration, qualification recognition, and retention. It calls for strategic cooperation between universities, employers, and the NHS to enhance workforce deployment and long-term economic benefits.

2 SourcesMumbai, India

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Mumbai IT Firm Manager Booked for Alleged Rs 10 Crore Corporate Fraud

A senior accounts manager of an IT firm in Mumbai's Powai area, Amit Arvind Shah, has been booked for allegedly committing corporate fraud worth Rs 10 crore. Shah is accused of misusing the company's confidential data, email system, and technical resources to establish a rival firm in his son's name. A forensic audit revealed that Shah diverted clients by sending proposals through the new entity, causing financial losses to the original company. A police investigation based on digital evidence is ongoing.

2 SourcesMumbai, India

thebalanced.news

SpiceJet Flight Delayed Over 90 Minutes Amid Passenger Complaints of Air Conditioning Issues

Shiv Sena (UBT) leader Ambadas Danve criticized SpiceJet after passengers on flight SG1082 from Mumbai to Goa were delayed on board for over 90 minutes, reportedly without air conditioning. Danve described the situation as unsafe and called for government action. SpiceJet stated the delay was due to Mumbai airport congestion and maintained that the air conditioning was operational, though some passengers may have felt discomfort due to weather conditions.

Local Dry Cleaner’s Monthly Earnings Comparable to Experienced Software Engineer Revealed

A social media post by content creator Nalini Unagar revealed that a local dry cleaning business, run by a couple with two helpers, earns around Rs 2 lakh monthly, comparable to a software engineer's salary. The shop reportedly irons 350 clothes and dry cleans 20 garments daily, generating about Rs 2.83 lakh in revenue with expenses near Rs 46,000, leaving a profit of approximately Rs 2.37 lakh. The post sparked discussions on income sources, taxation, and the value of education versus entrepreneurship.

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